Mr. Speaker, it is simple math. Any business person who attends at an institution to raise funds to start up a business and to provide meaningful jobs to ordinary people needs a line of credit. Most times, those lines of credit are taken on accounts receivable, on inventory and on cash in the bank.
The first $2,000 of receivables per worker is a hit of a secured creditor, even if one has security on that. What will they do? The institutions will count up the number of employees, multiply that by 2,000 and reduce the amount of money available to operate a business: 50 workers, $100,000. These business people will have to go to their moms or their dads or some place else to find security to proceed, or not proceed at all if they cannot get the security.